For each of the following, identify which inputs into the production function changed and their effects on
Question:
For each of the following, identify which inputs into the production function changed and their effects on economic growth.
a. The government passes a new program that encourages more employers to provide on-the-job training.
b. Improvements to health care cause an increasing share of older people to work instead of retiring.
c. The federal government increases annual spending on national infrastructure.
d. A large baby boom occurred two decades ago.
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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